Woolworths says cautious customers are cutting back
Woolworths is tipping price rises in some categories after the supermarket giant posted a $1.62 billion full-year profit, up slightly on the previous year.
earnings
Transurban names new CEO, ups distribution 41pct
Toll road operator Transurban says current chief financial officer Michelle Jablko will replace Scott Charlton as CEO in October.
JB Hi-Fi full-year profit dials down to $524m
Electronics retailer JB Hi-Fi says sales were up 4.3 per cent to $9.63 billion for the 12 months to June 30, but costs rose even more.
Murdoch’s News Corp suffers sharp decline in profit
Despite a heavy drop in profitability for the financial year, News Corp has "sound reasons for optimism" as the Murdoch-owned company seeks to leverage AI.
Murdoch’s News Corp cops huge hit to full-year profits
Despite a heavy drop in profitability for the financial year, News Corp bounced back in the second half and sees "auspicious conditions" ahead.
KFC Australia posts record $1b in full-year sales
Collins Foods says a decision to not fully pass on inflation resonated with customers, although it cut the company's profit margin.
Retail Food Group says rate hikes slowing sales growth
Retail Food Group says sales growth has moderated to just 2.2 per cent over the past 21 weeks.
ANZ delivers record gains but warns of challenges ahead
Australia's third-largest bank has delivered a strong performance for the six months to March but warned of a difficult six months ahead.
NAB shares slide despite profit lift
National Australia Bank delivered a 17 per cent lift in interim profit, boosted by rising interest rates and higher business lending.
Woolworths says food inflation ‘frustratingly elevated’
The Woolworths Group says shelf prices rose 5.8 per cent in the third quarter, although that was lower than price increases in the previous quarter.
Star raising $800m after $988m hit on Sydney casino
Star Entertainment is raising $800m at a deep discount as the casino company looks to bounce back from twin $100m fines and a possible big tax hike in NSW.
Nine dials down first-half net profit to $190 million
Nine Entertainment's first-half net profit fell 16 per cent to $190 million compared to a year ago but met its guidance for underlying earnings of $370 million.
Qantas turns profitable again amid travel rebound
Qantas has reported a first-half underlying pre-tax profit of $1.43 billion - turning around last year's loss - as strong demand helped offset high fuel costs.
Woolworths registers profit jump but warns of slow down
CEO Brad Banducci attributes improved Woolworths profit gains to strong seasonal trading and lower COVID-related costs.
Coles locks in strong profits and first female chief
Supermarket giant Coles made $616 million in first-half profit, up 11.4 per cent from a year ago, and has named Leah Weckert as its next chief executive.
CBA lifts half-year profit but braces for slowdown
Australia's biggest lender has lifted its half-year cash profit by nine per cent and its interim dividend by 20 per cent to $2.10 a share.
Star hit by casino slump, flags up to $1.6b writedown
Shares of casino operator Star Entertainment have slumped after it flagged an impairment charge of up to $1.6 billion.
CBA lifts dividend as half-year profit jumps
Australia's biggest lender has lifted its half-year cash profit by 9 per cent and lifted interim dividend by 20 per cent to $2.10 a share.
News Corp to slash one in 20 jobs amid earnings drop
News Corp will cut 1250 jobs in response to a big slump in second-quarter earnings as interest rates and inflation bite.
Transurban CEO steps down after 11 years at the wheel
As toll road operator Transurban released record earnings results, CEO Scott Charlton says he will step down from the role he has held for almost 11 years.
Flight Centre sees more upside next year
Flight Centre is predicting it will make up to $90 million in the first half of 2022/23, below consensus estimates of $104m in EBITDA earnings.
Mall owner Vicinity says foot traffic up
Vicinity Centres says foot traffic at its malls in September was at 90 per cent of pre-COVID levels, and visitors are spending more.
Metcash lifts FY profit amid inflation
Metcash's full-year sales have risen 6.4 per cent to $17.4 billion, while underlying earnings jumped 17.7 per cent to $472.3 million.
Qantas widens loss but outlook improving
Qantas' first-half loss has climbed as travel demand slumped amid COVID-19 Delta lockdowns and the subsequent spread of the Omicron variant.
Woolies profit down, food prices to rise
Woolworths has posted lower first-half profit while its boss is warning food prices will keep increasing due to inflation.
Star boss reassures on probes, H1 loss
Star Entertainment boss Matt Bekier says a focus on preventing criminal activity at its casinos never wavered as investigations overshadow a first-half loss.